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WORLD / Russia
Eastern Economic Forum 2016
Published time: August 24, 2016 18.36 UTC +3
Vladivostok, Russia, the Far East region of Russia, with five percent of the Russian population and approximately 36 percent of the country's land territory, is the venue on September 2-3, 2016, for the second Eastern Economic Forum. It aims to promote increased development of Eastern Russia, and increased co-operation in the Asia Pacific region.
There are currently expected to be approximately 2, 500 participants from more than 30 countries. This second forum is expected to include representatives from the countries of China, South Korea, Japan, India, Vietnam, Australia, and USA, and Singapore, reported TASS, July 2016. The EEF is to be held annually, in Vladivostok: The first Eastern Economic Forum was on September 3–5, 2015 in Vladivostok, and the second one this year, Sept 2-3.
The Far East of Russia has many natural resources such as gold, and diamonds, tin, as well as marine, soybeans, and wood.; 98% of Russian diamonds are extracted from the Far East. Main industries are mining, shipbuilding, processing of non-ferrous metals, and wood, fish, paper and cellulose. Vladivostok climate is cold in Winter, and has been described as monsoon-like, with long summers and most of its rain falling in these months. The city has approximately 600,000 people.
Regarding the area of Vladisvostok, there is a focus in this Forum on specific areas for international infrastructural development, due to a regional prioritising zoning-type legislation of areas for development by the Russian government. For example: special economic zones. Advanced Special Economic Zones (ASEZ). Twelve of these have been created, and the number that can be created is not limited by the Russian Federal Law that gave permission for this, that was effective 30 March 2015 (Federal Law 473-FZ, ‘On Priority Socioeconomic Development Areas in the Russian Federation’.) . To illustrate how this works: the Khabarovsk ASEZ, a zone in the Khabarovsk Territory, is for: manufacturing; transport and logistics, while the Belogorsk ASEZ of the Amur Region is for agricultural industry and the Priamursky ASEZ , also of the Amur Region, is for: manufacturing; transport and logistics. The purposes of these special economic areas is described as, among other things, allowing investors easy administrative options, permit-granting, and speed of processing, various tax exemptions, and rapid customs procedures. A company totally owned by the Russian Government, the Russian Far East Development Corporation (RFEDC), is the management company for these zones.
Preparations, including discussions with various international business leaders and country ministers regarding the EEF have been made for some months now. The complete business program has been published on the forum's website, forumvostok.ru.
Sources: forumvostok.ru, ITAR-TASS ( http://tass.com/economy/895582)
Text: Katrina Wood
continued .....EEF 2016: Russia - China, and international
Photo: Platu 25-Class Sailing Yacht Regatta as part of the 2016 Eastern Economic Forum on Russky Island, Vladivostok, Russia, on September 1, 2016. Vladimir Smirnov/TASS
(photo courtesy EEF and TASS News Agency)
© Vladimir Smirnov / TASS